YANG Direxion Daily FTSE China Bear 3X ETF Forecast, Technical & Fundamental Analysis

YANG's RSI Indicator ascends from oversold territory

The RSI Oscillator for YANG moved out of oversold territory on December 10, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for YANG just turned positive on December 19, 2024. Looking at past instances where YANG's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where YANG advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .

YANG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 185 cases where YANG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on YANG as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

YANG moved below its 50-day moving average on December 09, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for YANG crossed bearishly below the 50-day moving average on December 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where YANG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .